Kala Pharmaceuticals Looks Promising Ahead Of IPO

7/22/17

Kala Pharmaceuticals (Nasdaq: KALA) filed its S-1/A with the Securities and Exchange Commission for its initial public offering.

The company plans to raise $90M through the offer of 6M shares at a marketed price range of $14 to $16. It also has an additional 900,000 shares as an over-allotment option for its underwriters. Assuming Kala Pharmaceuticals prices at the mid-point of its proposed price range ($15), it would have a market cap value of $350M.

The underwriters for the IPO are BofA Merrill Lynch, Citi, Goldman Sachs, Wells Fargo Securities, Deutsche Bank, J.P. Morgan, Morgan Stanley, Barclays, TPG Capital BD, and JMP Securities

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